 Can anyone tell me if my credit card company acted illegally? |
| I cancelled my (UK)credit card in March this year, having paid off all the balance. Then out of the blue a few weeks ago I received a bill for ÂŁ140 on the cancelled card. This turned out to be ... |
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| How do you cancel the free 30 trial for credit report? |
hello i was going to look at my credit report with experia
or something or other it says its free 30 day trial.
has anyone tried it?
is it really free?
and if so how easy is it ... |
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 How do I establish credit,when I am denied everytime I apply for credit cards? |
Additional Details
My first credit card was from Capital One w/ 25% apr. which at the time I was only paying the minimum.... |
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 Is it true that after 7 years your debts get wiped off your credit report? |
| I've heard, but not sure if it was correctly, that if you've had a debt for 7 years, it automatically gets wiped off of your credit report, and your credit score returns to normal. Please ... |
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 Where can I get a mortgage loan with a credit score under 500? |
Additional Details
I filed a chapter 7 bankruptcy. It has been discharged for 3 years. I have reestablish several lines of credit. I've had some identity theft and someone keeps ... |
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 Does anyone know of a good credit card that I can do a balance transfer on? |
| I have a total of about 6,000 in debt from little credit cards that Im wanting to put together and pay off but I need something that will give me a apr of 0% for 12 months. Does anyone know of a good ... |
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 I have been contacted by yahoo that I have won (250,000,00) USD? |
| and a person named Barister Adam Adamu is calling me to send Euro 485 to coolect the prize. Shall I do ... |
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 How do I go about declaring myself bankrupt? |
And what's involved? How much does it cost? How long will I not be able to apply for credit?
Additional Details
Some of you people really need to confirm the information you are ... |
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 If a co-signer of a loan files Bankruptcy, does it affect the other's credit rating? |
| I think the question speaks for itself, but my mother=in-law has a situation where she co-signed a loan a number of years ago for someone's car. He's missed payments and basically screwed ... |
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 How long does it take for a car loan to appear on your credit report? |
| My husband and I both need new cars. We have an average credit rating. Will the 1st car purchase (we will have a down pymnt) make it harder for the 2nd car loan (w/ $4000 down & trade in worth $8... |
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 What is a good way to get good credit? |
| im still in high school and im turning 18 soon and i have a job, is it possible for 18 year olds to start building their credits record? if yes how? im thinking on opening a bank account as soon im 18... |
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 Can or when will i be able to get another home loan? |
| it will be a year in november when i bought my house. i want to move and my father who has poor credit and can not get a loan wants to buy my house. is there any way i can owner finace and still be ... |
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 Bankruptcy .......I need help please : (? |
| I have a huge bad debts that mount up over the years. I am in really bad shape and every month I'm just servicing the minimum sum for over 10 credit cards and 5 overdraft facility. Am at the ... |
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| If someone dies and they have a lot of debt, can creditors go after that person's children to collect? |
Is there something that should be done as a child of the deceased to protect your credit, assets, savings, etc?
Additional Details
The deceased was not married, but had a live in ... |
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 Debt settlement or bankruptcy? |
| Just finished school, and right now i cant pay all my bills, my credit sucks, and not sure what i should do. Is it better to do debt settlement, or bankruptcy, or just like the bills continue to go ... |
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 Why was my credit score lowered? |
My credit score was not perfect because I had "TOO MANY INQUIRIES W/IN THE PAST 12MOS".
I don't get it, I have not applied for credit cards, so who would be inquiring? & how ... |
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Sarah B | Increasing a credit score enough to buy a house.? |
What is the average time it takes for a persons score to increase if they are paying all their bills on time and paying down installment loans and credit cards. How much should it increase in say 7 months. We are trying to get ready to buy a house and hoping to get everything in order in the next few months. We filed bankruptcy (ch 7) 4 years ago. Right now my credit score is 614. |
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BillK
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For buying a house Credit History is much more important than credit score. Often, the lack of credit history is equated with bad credit. You should be aware that lenders will go through your credit report once you apply for loan for buying a house. Therefore you should polish your credit report. Anyway, in order to establish a good credit history and at the same time risen your credit score in a short time do following things:
1) Close all of your credit cards but one. It reflects in your credit report and it is a very good sign. For instance say that you have 5 credit cards with $1000 credit limit for each. Therefore you are responsible for $5000 of possible debt. But when you close 4 of them, now you are only responsible for $1000 of debt which lowers the level of risk of lending money to you.
2) If you have any loan, like car loan or any balance on your credit cards, try to pay more than your monthly payment for 6 months or something. I mean say your monthly due on your car loan is $150, try to pay $250 each month. Lenders can see these trends in your credit report and they see that you’re a responsible borrower.
If you don’t have such loans, I suggest getting a $3000-$4000 loan and paying it off in full in 5-6 months. You might pay $200-$300 of interest but you will save thousands of dollars in your home mortgage and interest rates. |
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Millionster.com
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As long as you stay on top of your bill you'll stay within the range you have now in the short term, in the long term (2 or more years it will increase your score substantially) The only real way to build your credit score is to have a higher amount of credit vs debt available to you.
I've got 10 steps you can use to build your credit score. I raised mine to well over 700 points from 500 using these steps:
# Know and Track Your Credit Score
# Never Miss a Payment, Starting Today
# Never use more than 20% of your Available Credit
# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
# Extend Your Credit Limit on Cards You Already Have before You Get New Ones
# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
# Take out a Small Personal Loan and Repay it Over a Year
# Ask Someone With Good Credit if They will Account Shadow you
Read the full article here, it gives you an overview of credit scores, and the 10 steps in detail on page 2:
http://millionster.com/articles/debt/increase-fico-credit-score/ |
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Your #1 fan
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A good credit score is over 700. Over 730 is considered excellent. Ideally, this is where you want to be. Paying your bills on time is good, but paying them in full will boost your credit score. Credit card companies don't like this as much as banks do. the cycle of debt can be viscious. My advice: If you can't afford it you don't need it. |
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howardnagle
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2 years |
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nebula7693
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If you use a professional credit restoration company they can remove the bk and other negative information quickly and your score will jump up. Do your due dilligence, though, as there are only three legitimate credit restoration companies in the United States.
If you have any questions regarding your credit issues you may email me at Nebula7693@yahoo.com |
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Rez
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You can obtain a loan with a lower score but 720 seems to be the magic number when trying to secure the best rate. Pay down your CC bills / loans first, as you want your revolving credit to be as low as possible. I think a few months is a bit hasty but best of luck. |
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iceman
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Chapter 7 is what is hurting you. It could take another 3 years before your credit score gets cranking again..
BUT, 614 is not all that bad and can ussualy qualify for most types of mortgage loans. You may be paying slightly higher rates, but there are always banks that are going to qualify scores over 600.
I have a friend who was qualifed at Wachovia for a morgage and his credit score was around 605. He as the only person on the loan also. Each bank is going to be different, and the rates you pay are going to be differant. But like the other person said, ussualy you qualify for the best loans when your score gets over 700. |
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khill
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Just a note after reading some other posts...
Don't EVER close a credit card account (unless there is an annual fee). This will LOWER your score. Closing a credit card account reduces your available credit, which raises the amount of debt you have in relation to your available credit. This will SEVERELY LOWER YOUR SCORE!!
Closing the account will not help you. If the credit card company closes it due to inactivity, that's fine, because they won't do that right away. Just be safe with the card. Destroy it, or put it in a safe deposit box. |
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Maggy G
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The below website has plenty of articles related to your question: |
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